Wedbush analyst David Chiaverini maintained a Hold rating on Cvb Financial (CVBF – Research Report) today and set a price target of $19.00. The company’s shares opened today at $18.23.
Chiaverini covers the Financial sector, focusing on stocks such as Pacwest Bancorp, Western Alliance, and BankUnited. According to TipRanks, Chiaverini has an average return of -7.8% and a 37.41% success rate on recommended stocks.
Currently, the analyst consensus on Cvb Financial is a Moderate Buy with an average price target of $18.00.
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Based on Cvb Financial’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $138.93 million and a net profit of $59.27 million. In comparison, last year the company had a GAAP net loss of $156.46 million
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CVB Financial Corp. is a bank holding company, which engages in the provision of traditional banking activities, including the acceptance of deposits and the lending and investing of money. The firm also offers trust and investment related services to customers. It operates through the Business Centers and Dairy and Livestock and Agribusiness. The Business Financial and Commercial Banking Centers segment consists of loans, deposits, and fee generating products and services that the bank offers to its clients and prospects. The company was founded by George Borba on April 27, 1981 and is headquartered in Ontario, CA.
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